Bank · FDIC insured
Varo Bank Savings Rates
Varo Bank’s best savings rate is 1.00% APY, with its Varo Savings Account, with extra requirements. Rates checked October 22, 2026.
How Varo Bank’s savings rates compare
Compared with banks and credit unions in Utah, where Varo Bank has the most branches. $10,000, best rate first.
This bank’s best
Varo Bank
1.00%APY
- Requires
- Monthly account activity
- Minimum
- $0
- Earns on $10,000 a year
- $100
Varo Savings Account
Top rate
Axos Bank
5.00%APY
- Requires
- Another account
- Minimum
- $0
- Earns on $10,000 a year
- $500
2nd-highest rate
SoFi Bank, National Association
4.40%APY
- Requires
- Another account
- Minimum
- —
- Earns on $10,000 a year
- $440
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Varo Savings Account
1.00%APY
Must have a Varo Bank Account. Must be 18+ years old, a U.S. Citizen or Permanent Resident residing at a physical address within the 50 US states or DC. Accounts must be individually owned.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $5,000Qualify to earn 3.75% APY on balances up to $5,000 next month by receiving direct deposit(s) totaling $800 or more and ending the month with a positive balance in all Varo accounts. Requirements must be met within the Qualifying Period from the first calendar day of the month to close of business (4:25 pm MT) on the last business day of the month. | 3.75% | — | Qualify to earn 3.75% APY on balances up to $5,000 next month by receiving direct deposit(s) totaling $800 or more and ending the month with a positive balance in all Varo accounts. Requirements must be met within the Qualifying Period from the first calendar day of the month to close of business (4:25 pm MT) on the last business day of the month. |
| Any balanceStandard baseline APY earned immediately on all balances. | 1.00% | $100 | Standard baseline APY earned immediately on all balances. |
Sources (5)
- varomoney.com
- varomoney.com/automatic-savings-tools
- varomoney.com/disclosures
- varomoney.com/high-yield-savings-account
- varomoney.com/savings-account
All captured Oct 15, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.